Indonesia: Blue Bird Group in talks for $200m logistics stake sale

Blue Bird Group is seeking private investment in PT Iron Bird Logistic, the merged entity of its two delivery units that’s worth “trillions of rupiah,” with a view to offer shares to the public later on, Djokosoetono said in Jakarta. The company is in talks with potential partners from Japan and Malaysia, and seeks to complete the deal in the second half of this year.